열가소성 폴리우레탄(TPU) 시장 : 시장 규모, 점유율, 동향 및 예측 - 유형별, 원재료별, 용도별, 최종 이용 산업별, 지역별(2026-2034년)

The global thermoplastic polyurethane (TPU) market size was valued at USD 3.1 Billion in 2025. Looking forward, IMARC Group estimates the market to reach USD 5.0 Billion by 2034, exhibiting a CAGR of 5.11% from 2026-2034. Asia Pacific currently dominates the market, holding a market share of over 52.3% in 2025. The expanding use of TPU-based sealants and adhesives, the rising demand for biodegradable plastics, and the increasing need for automotive component production are among the key factors fueling the thermoplastic polyurethane (TPU) market share in this region.

Thermoplastic polyurethane (TPU) refers to a melt-processable thermoplastic elastomer that is manufactured by extrusion, injection, blow and compression molding equipment. It is widely available as polyester, polyether, and polycaprolactone and has good tensile strength and high load bearing capacity. It is lightweight, transparent, flexible, highly durable, non-toxic, and resistant to oil, grease, abrasion, high-energy radiation, ultraviolet (UV) rays, weather. It is environmentally friendly, recyclable, and can be soft as a rubber or hard as rigid plastic. It is capable of providing many combinations due to its physical properties and flexibility. It can be easily washed, sterilized, welded, painted, and die-cut while having high damping capacity. As a result, thermoplastic polyurethane (TPU) is employed in the automotive, construction, medical, textiles, and electrical and electronics industries across the globe.

Thermoplastic Polyurethane (TPU) Market Trends:

Presently, the rising adoption of TPU in the automotive industry to produce various automobile components, such as airbags, doors, bumper, seats, vehicle wiring and antivibration panels, and attachment clips, represents one of the key factors strengthening the growth of the market. Besides this, the growing utilization of TPU in the footwear industry to manufacture anti-slip and abrasion-resistance soles is positively influencing the market. In addition, the increasing demand for biodegradable and eco-friendly plastics is offering lucrative growth opportunities to industry investors. Apart from this, the rising adoption of TPU as a substitute for PVC in various medical applications, such as mattresses, dental materials, and gel shoe orthotics, is impelling the growth of the market. Moreover, governing agencies of various countries are encouraging the adoption of environmentally friendly products that do not harm the environment and decrease carbon footprint, which is offering a positive market outlook. This, coupled with the increasing employment of TPU to manufacture conveyor belts, electrical wires, power cable sheathing, equipment connectors, and drive belts, is supporting the growth of the market. In addition to this, the rising utilization of TPU-based sealants and adhesives in several industries due to high green strength is contributing to the growth of the market. Furthermore, the increasing adoption of TPU in textile products to produce heat-sealable fabrics is strengthening the market growth.

Market Segmentation:

This report provides an analysis of the key trends in each segment of the global thermoplastic polyurethane (TPU) market, along with forecast at the global, regional, and country levels from 2026-2034. The market has been categorized based on type, raw material, application, and end use industry.

Type Insights:

• Polyester
• Polyether
• Polycaprolactone

Raw Material Insights:

• Polyols
• Diisocyanate
• Diols

Application Insights:

• Extruded Products
• Injection Molded Products
• Adhesives
• Others

End Use Industry Insights:

• Construction
• Automotive
• Footwear
• Medical
• Electrical and Electronics
• Heavy Engineering
• Others

Regional Insights:

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) was the largest market for thermoplastic polyurethane (TPU). Some of the factors driving the Asia Pacific thermoplastic polyurethane (TPU) market included the growing demand for high performance materials, increasing demand in the automotive industry, rising utilization of TPU in footwear industry, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global thermoplastic polyurethane (TPU) market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include American Polyfilm Inc., BASF SE, Coim Group, Covestro AG, Epaflex Polyurethanes Spa, Hexpol AB, Huntsman International LLC, Kuraray Co. Ltd., Mitsui Chemicals Inc., Sumei Chemical Co. Ltd., The Lubrizol Corporation (Berkshire Hathaway Inc.), Wanhua Chemical Group Co. Ltd.., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. How big is the thermoplastic polyurethane (TPU) market?

2. What is the future outlook of thermoplastic polyurethane (TPU) market?

3. What are the key factors driving the thermoplastic polyurethane (TPU) market?

4. Which region accounts for the largest thermoplastic polyurethane (TPU) market share?

5. Which are the leading companies in the global thermoplastic polyurethane (TPU) market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Thermoplastic Polyurethane (TPU) Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Type

• 6.1 Polyester
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Polyether
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Polycaprolactone
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Raw Material

• 7.1 Polyols
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Diisocyanate
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Diols
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast

8 Market Breakup by Application

• 8.1 Extruded Products
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Injection Molded Products
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Adhesives
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Others
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast

9 Market Breakup by End Use Industry

• 9.1 Construction
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Automotive
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Footwear
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Medical
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast
• 9.5 Electrical and Electronics
  • 9.5.1 Market Trends
  • 9.5.2 Market Forecast
• 9.6 Heavy Engineering
  • 9.6.1 Market Trends
  • 9.6.2 Market Forecast
• 9.7 Others
  • 9.7.1 Market Trends
  • 9.7.2 Market Forecast

10 Market Breakup by Region

• 10.1 North America
  • 10.1.1 United States
    • 10.1.1.1 Market Trends
    • 10.1.1.2 Market Forecast
  • 10.1.2 Canada
    • 10.1.2.1 Market Trends
    • 10.1.2.2 Market Forecast
• 10.2 Asia-Pacific
  • 10.2.1 China
    • 10.2.1.1 Market Trends
    • 10.2.1.2 Market Forecast
  • 10.2.2 Japan
    • 10.2.2.1 Market Trends
    • 10.2.2.2 Market Forecast
  • 10.2.3 India
    • 10.2.3.1 Market Trends
    • 10.2.3.2 Market Forecast
  • 10.2.4 South Korea
    • 10.2.4.1 Market Trends
    • 10.2.4.2 Market Forecast
  • 10.2.5 Australia
    • 10.2.5.1 Market Trends
    • 10.2.5.2 Market Forecast
  • 10.2.6 Indonesia
    • 10.2.6.1 Market Trends
    • 10.2.6.2 Market Forecast
  • 10.2.7 Others
    • 10.2.7.1 Market Trends
    • 10.2.7.2 Market Forecast
• 10.3 Europe
  • 10.3.1 Germany
    • 10.3.1.1 Market Trends
    • 10.3.1.2 Market Forecast
  • 10.3.2 France
    • 10.3.2.1 Market Trends
    • 10.3.2.2 Market Forecast
  • 10.3.3 United Kingdom
    • 10.3.3.1 Market Trends
    • 10.3.3.2 Market Forecast
  • 10.3.4 Italy
    • 10.3.4.1 Market Trends
    • 10.3.4.2 Market Forecast
  • 10.3.5 Spain
    • 10.3.5.1 Market Trends
    • 10.3.5.2 Market Forecast
  • 10.3.6 Russia
    • 10.3.6.1 Market Trends
    • 10.3.6.2 Market Forecast
  • 10.3.7 Others
    • 10.3.7.1 Market Trends
    • 10.3.7.2 Market Forecast
• 10.4 Latin America
  • 10.4.1 Brazil
    • 10.4.1.1 Market Trends
    • 10.4.1.2 Market Forecast
  • 10.4.2 Mexico
    • 10.4.2.1 Market Trends
    • 10.4.2.2 Market Forecast
  • 10.4.3 Others
    • 10.4.3.1 Market Trends
    • 10.4.3.2 Market Forecast
• 10.5 Middle East and Africa
  • 10.5.1 Market Trends
  • 10.5.2 Market Breakup by Country
  • 10.5.3 Market Forecast

11 SWOT Analysis

• 11.1 Overview
• 11.2 Strengths
• 11.3 Weaknesses
• 11.4 Opportunities
• 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

• 13.1 Overview
• 13.2 Bargaining Power of Buyers
• 13.3 Bargaining Power of Suppliers
• 13.4 Degree of Competition
• 13.5 Threat of New Entrants
• 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

• 15.1 Market Structure
• 15.2 Key Players
• 15.3 Profiles of Key Players
  • 15.3.1 American Polyfilm Inc.
    • 15.3.1.1 Company Overview
    • 15.3.1.2 Product Portfolio
  • 15.3.2 BASF SE
    • 15.3.2.1 Company Overview
    • 15.3.2.2 Product Portfolio
    • 15.3.2.3 Financials
    • 15.3.2.4 SWOT Analysis
  • 15.3.3 Coim Group
    • 15.3.3.1 Company Overview
    • 15.3.3.2 Product Portfolio
  • 15.3.4 Covestro AG
    • 15.3.4.1 Company Overview
    • 15.3.4.2 Product Portfolio
    • 15.3.4.3 Financials
    • 15.3.4.4 SWOT Analysis
  • 15.3.5 Epaflex Polyurethanes Spa
    • 15.3.5.1 Company Overview
    • 15.3.5.2 Product Portfolio
  • 15.3.6 Hexpol AB
    • 15.3.6.1 Company Overview
    • 15.3.6.2 Product Portfolio
    • 15.3.6.3 Financials
  • 15.3.7 Huntsman International LLC
    • 15.3.7.1 Company Overview
    • 15.3.7.2 Product Portfolio
    • 15.3.7.3 Financials
    • 15.3.7.4 SWOT Analysis
  • 15.3.8 Kuraray Co. Ltd.
    • 15.3.8.1 Company Overview
    • 15.3.8.2 Product Portfolio
  • 15.3.9 Mitsui Chemicals Inc.
    • 15.3.9.1 Company Overview
    • 15.3.9.2 Product Portfolio
  • 15.3.10 Sumei Chemical Co. Ltd.
    • 15.3.10.1 Company Overview
    • 15.3.10.2 Product Portfolio
  • 15.3.11 The Lubrizol Corporation (Berkshire Hathaway Inc.)
    • 15.3.11.1 Company Overview
    • 15.3.11.2 Product Portfolio
  • 15.3.12 Wanhua Chemical Group Co. Ltd.
    • 15.3.12.1 Company Overview
    • 15.3.12.2 Product Portfolio
    • 15.3.12.3 Financials
    • 15.3.12.4 SWOT Analysis